Department of Justice (DOJ) secretary Leila de Lima was nominated for Ombudsman before the Judicial and Bar Council (JBC) by Assistant State Prosecutor Romeo Swenson because he said he beilieves that de Lima is most qualified to head the anti-graft agency. “Secretary de Lima has shown he incorruptible stand, integrity beyond reproach and character par [...]

Antonio B. Remollo, former mayor of Dumaguete City, is the new head of the Clark Development Corp. (CDC) replacing Benigno Ricafort, Ateneo law school dean Cesar Villanueva assumed post as CDC chairman, replacing Rizalino Navarro.
Ricafort left to Remollo’s charge a Freeport hosting some P77 billion worth of investments of foreign and domestic firms. He also [...]

During their visit to the Clark airport, president and CEO of Clark International Airport Corp. (CIAC) Victor Jose I. Luciano asked the two US senators for help in the transformation of Clark airport into an “aerotropolis” that will bring in investors from the United States.
US Senators Daniel Inouye of Hawaii, President Pro Tempore of the [...]

A mix of wage and non-wage benefits for the country’s workforce was announced by President Benigno “Noynoy” Aquino III on Labor Day.
The president said over a million government workers can receive another salary increase in June, or a month earlier than schedule, due to the government’s prudent fiscal management. For the private sector, he gave [...]

The Department of Justice (DOJ) subpoenaed Ang Galing Pinoy Party List Rep. Juan Miguel “Mikey” Arroyo and his wife Angela ordering them to appear before the justice department to answer the charges for the P73.85-million tax evasion cased filed by the Bureau of Internal Revenue (BIR) April 7.
The former presidential son and his wife were [...]

The Philippine Long Distance Telephone Co. (PLDT) said the claim of Globe Telecom that the deal between PLDT and Digital Telecommuncations Phil. Inc. (Digitel) would result into the monopoly of the telecom industry is only Globe’s way of protecting its interest at the public’s expense. PLDT criticized Globe’s effort to stop the deal that would [...]

Giant conglomerate Ayala Corp. allots a record-high P79 billion for its capital expenditures this year. The company said it is in an excellent position to delve into various investment opportunities. It is particularly eyeing the power and infrastructure sector.
During the annual stockholders’ meeting, chairman Jaime Augusto Zobel de Ayala said that while the company is [...]

At the height of the controversy surrounding the closure of the Aguire-led Banco Filipino Savings & Mortgage Bank, Philippine Deposit Insurance Corp. (PDIC) president Jose Nograles has resigned from his post as head of the state-run deposit insurer.
Sources were quick to clarify that the decision of Nograles to quit was not in any way connected [...]

Splash Corporation reported its profit up to 500 percent to P144 million in 2010 from P23.74 million in 2009. The leading personal care manufacturer reported to the Philippine Stock Exchange that its big financial figures last year can be attributed to its strong performance across all its business segments – domestic, international and direct selling.
Splash [...]

The Department of Trade and Industry said that many among our exporters are not really aware of the trade opportunities under the country’s free trade agreements (FTA). That is why it is intensifying its information awareness campaign focusing on the government’s priority exports.
Gregory L. Domingo, DTI Secretary, said that the basic information awareness campaigns from [...]

The Philippine Long Distance Telephone Co. (PLDT) seeks to regain its dominance in the telecommunication industry as it buys competing company Digital Telecommunications Philippines Inc. (Digitel).
PLDT said it forged a deal to acquire 51.55% of the third-ranked Digitel valued at a value of P69.2 billion ($1.6 billion). The deal includes a share swap and the [...]

Many were surprised, and dismayed, when a photo of a poster circulated on the web saying that poor people are not allowed in Greenbelt 4, a post mall in Makati City. The text on the poster read: “This is a private controlled environment. Poor people and other disturbing realities strictly prohibited. Thank you! Greenbelt 4 [...]

Upon the order of Senate President Juan Ponce Enrile, Senate doctors, led by Dr. Mariano Blancia Jr. went to the Ligot couple’s residence to check the true health status. They proceeded to house of the Ligots in an “undisclosed” location to check if their declaration of “being sick” were true.
The doctor said former military comptroller [...]

After eight hours of marathon debates, the House of Representatives voted 212-46 for the impeachment of Ombudsman Merceditas Gutierrez. Four abstained from voting. The House impeached Gutierrez, eight months since the first of the two impeachment complaints was filed against her in July.
Among those who voted “no” were former president and now Pampanga Representative Gloria [...]

Looks like the worst is yet over from flag carrier Philippine Airlines (PAL) as its ground crew union filed a new notice of strike last Friday before the Department of Labor and Employment (DOLE).
Citing unfair labor practices, the Philippine Airlines Employees’ Association (PALEA) through its president Gerry Rivera, accused the PAL managers of talking with [...]

The country’s biggest homegrown fastfood company, Jollibee Foods Corp., is expanding its operations in China this year as it plans to open 60 more new stores, which accounts for the bulk of its international expansion program. Jollibee Foods Chairman and Chief Executive Tony Tan Caktiong said during the company’s annual stockholders’ meeting, “Our foregoing expansion [...]

Senator Benigno “Noynoy” Aquino III is insistent about staying in his Time Street residence and not reside in Malacañang palace, once he is finally proclaimed as the country’s next president. This in spite of his neighbors’ and close-in security’s fears of added security risks, and of course, the additional traffic and noise that his continued [...]

Homegrown fastfood giant Jollibee Foods Corp. continues to extend its presence in China as it recently acquired one of the local beef noodle there. In its disclosure to the Philippine Stock Exchange, Jollibee said it will be investing RMB30 million ($4.39 million) to secure 55 percent stake on the San Pin Wang restaurant chain.
Another RMB20 [...]

Recent news on presidential aspirant Gilberto “Gibo” Teodoro’s resignation as chairman of the ruling Lakas-Kampi-CMD came as a shock to everyone. It was clarified though, that despite his resignation of party chairman, Gibo remains to be the presidential bet of the ruling party.
Developments on his resignation from the chairmanship reports that Gibo’s action was a [...]

Every year the SGV Foundation conducts the Search for the Philippines’ Entrepreneur of the Year (EoY) to encourage more entrepreneurs to help bring progress to the country. Recently, it just announced the start for this year’s search.
Nominees for this search must be Filipino entrepreneurs whose business have been in operation for at least two to [...]